Prudential reduces share capital through £2.9m buyback programme

Prudential Plc repurchased and cancelled 300,532 ordinary shares on August 15, reducing its issued share capital from 2.58 billion to 2.57 billion shares.

The shares were bought at a volume-weighted average price of £9.80 each. An additional 296,153 shares worth £2.9m have been repurchased but not yet cancelled.

The buybacks are part of a mandate approved in May authorizing the repurchase of up to 262.7m shares. So far, 29.9m shares have been repurchased under this programme, representing 1.15% of issued shares.